Mexico: Market for Powdered, Condensed Or Evaporated Milk 2024

Market Size for Powdered, Condensed Or Evaporated Milk in Mexico

After two years of decline, the Mexican market for powdered, condensed or evaporated milk increased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Powdered, condensed or evaporated milk consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Powdered, Condensed Or Evaporated Milk in Mexico

In value terms, powdered, condensed or evaporated milk production reached $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Powdered, Condensed Or Evaporated Milk

Exports from Mexico

In 2022, approx. X tons of powdered, condensed or evaporated milk were exported from Mexico; shrinking by X% against the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, powdered, condensed or evaporated milk exports dropped notably to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for powdered, condensed or evaporated milk exports from Mexico, accounting for a X% share of total exports. Moreover, powdered, condensed or evaporated milk exports to the United States exceeded the volume sent to the second major destination, Belize (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (X% per year) and Cuba (X% per year).

In value terms, the United States ($X) remains the key foreign market for powdered, condensed or evaporated milk exports from Mexico, comprising X% of total exports. The second position in the ranking was held by Belize ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belize (X% per year) and Cuba (X% per year).

Export Prices by Country

The average export price for powdered, condensed or evaporated milk stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cuba ($X per ton), while the average price for exports to Belize ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cuba (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Powdered, Condensed Or Evaporated Milk

Imports into Mexico

In 2022, supplies from abroad of powdered, condensed or evaporated milk was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, powdered, condensed or evaporated milk imports skyrocketed to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) was the main supplier of powdered, condensed or evaporated milk to Mexico, accounting for a X% share of total imports. It was followed by New Zealand (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled X%.

In value terms, the United States ($X) constituted the largest supplier of powdered, condensed or evaporated milk to Mexico, comprising X% of total imports. The second position in the ranking was taken by New Zealand ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%.

Import Prices by Country

In 2022, the average import price for powdered, condensed or evaporated milk amounted to $X per ton, growing by X% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, powdered, condensed or evaporated milk import price increased by X% against 2019 indices. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was New Zealand ($X per ton), while the price for the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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